The value of a machine depreciates at the rate of 20% per annum. If its present value is Rs 96000, then what was the value (in Rs) of the machine 2 years ago?
By selling a used phone for Rs.6,160 Rajan got 44% less than what it cost him to buy it a few years ago. At what price should Rajan have been able to sell it to make a profit of 5%?